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Article
- By Cesar Campos
Building Your Own Radar: Ways You Can Avoid Home-Based Business Scams
As business models evolve and market needs change, more and more people join the work force online. Telecommuter's, freelancers, work-at-home individuals, part-time employees and even people re-entering the workplace find home-based businesses as the perfect platform from which to work, earn a living (or extra cash) and expand their skills and talents. Unfortunately, there are also home-based businesses operated by individuals who have no intentions of helping others. Beware of these people and learn how to avoid home-based business scams. Here are ways you can protect yourself:
Scammers know that people considering home-based businesses want to earn as much money as they can. Who doesn’t? However, this is where most scam traps are set as well. How would you like to earn $200 a day just stuffing envelopes or earn a 'guaranteed' $1000 a week by doing 'nothing' in the safety of your own home? Or maybe grow your $10 to $10,000 in just a month?
Sounds too good to be true? It probably is. Most promises of big cash within a short time for home-based businesses are scams. If you fall for this type, prepare to lose your money.
A legitimate home-based business will let you earn money – sometimes a lot of money – but it will not turn you into a millionaire within a short span of time.
Most scammers will try to trap you by dodging the details. Ads and invitations that have too much to say and very little factual or technical information to provide should raise red flags.
Don’t go into a home-based business opportunity that doesn’t give you detailed information about what the product or service is or how the business works. Be especially wary if it promises big bucks or if the product is non-existent. For something that you can't understand, that's a lot of empty promises.
Although many MLMs have succeeded and are actually legitimate, there are also others that have no intention of making a businessman out of you. If a home-based business encourages you to keep ordering products, tools, sales kits and the like in order to earn commissions, you might be dealing with a scam.
The same might be true with businesses that rely heavily on recruiting 'down lines' in order for you to make money. If there are over 5 levels of 'down lines' or distributors involved, think over the proposal before joining.
A real home-based business opportunity or any business, for that matter, should have real products, real investments and company support. Beware of home-based opportunities that ask you to pay for a fee just to gain access to websites or directories. This type of offer is not a business at all. It's a scam.
Another scam to watch out for if you have a home-based business is one that attacks you as a merchant. Accepting payment from a customer who uses a stolen or fake credit card can be bad news for home-based businesses. You will take on 100% of the liability or loss.
- Always ask for complete information (full name, full address and contact numbers). Validate the information thereafter. If the information checks out, only then should you honour the order.
- Check the addresses provided by your customer. The 'ship to' and 'bill to' addresses should be the same. If not, ask your customer to send you a signed fax to confirm their order. Have them authorize the transaction using their credit card number.
- Be extra careful about doing business with companies using free e-mail accounts or those that rush large orders. You might also want to double check international orders because if things don’t go well, you'll find it impossible to trace your client or even get your money back.
Scams change tactics as soon as they are busted. Since they evolve like nasty computer viruses, scams can be difficult to detect, especially if they're new and run by professionals.
To avoid home-based business scams, find out about the latest tricks by checking online resources. Read information offered by the Better Business Bureau, some government sites and those run by private anti-scam organizations.
You'll also find reviews of home-based opportunities on these sites. Join online forums and discussion boards to exchange information with other home-based business owners. The more vigilant you are about your home-based business, the less likely you will fall victim to a scam.
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Article
- By Cesar Campos
Recipe for Business Success: Why Patience, Determination and Willingness to Learn are Paramount
The pyramids weren’t built in one day, and they certainly weren’t completed with people throwing tantrums, giving up or refusing to look at innovative ways to create a masterpiece. In a way, constructing one of the greatest structures ever created is the same as building a business. Nobody goes into business with failure as a goal. Every entrepreneur – from the fledgling young marketer selling lemonade on a makeshift stand to the newbie franchise owner to the home-based entrepreneur – has high hopes and dreams for his efforts. It is said that every business begins with one dream. What you do with that dream will mean the difference between success and failure.
Here is a three-point recipe for business success that any entrepreneur should learn to recognize and use:
Patience
Warren Buffett, the consummate investor, was a very patient man. When he started investing in 1956, he was not driving and fighting for stocks on Wall Street. Instead, he performed trading from Omaha, Nebraska. Strangely enough, when technology stocks became the rage, Buffett didn’t jump on the bandwagon. And yet, he still became one of the richest men of his generation.
How did he do it? By Exercising Patience
In well calculated steps, Buffett purchased undervalued stocks at low prices. He then waited until their value increased and then traded them at prices that were considerably higher than their original price, earning nice, fat profits in the process.
Buffett's success is proof that patience is a key component of the recipe for business success. Patience is a multi-faceted aspect, and although it is often a characteristic, it is also a skill that can be learned. Consider, for example, how people start their businesses and then expect immediate return on investment. What they forget is that most businesses very often do not automatically yield profit. They actually go through a period of gestation where very little happens.
If you do not have the patience to see your business through, it will ultimately fail. By having patience, you become meticulous, attentive to important details and think logically. Impatient people are much more impulsive, jumping to conclusions, making hasty decisions that ultimately cost their business. A patient mindset has a tendency to use more common sense, a very essential component of business success. A patient businessman is also more likely to be prepared, have goals in place, understand his strengths and weaknesses, establish his resources and needs and know how to manage them.
Determination
Another important recipe for business success is determination. It doesn’t only refer to a pit bull tenacity of believing in your dreams and hanging on to them, it also entails well-calculated strategies of following through. Consider the most successful businessmen of the last 100 years and you will see that their business success could be attributed to their determination to complete their goals. These people simply never gave up, regardless of the seemingly impossible or even embarrassing situation, they were in at the moment.
Determination is not about being blindsided. Instead, it refers to a person's ability to find a place for his goals and dreams to grow. He can look at a given situation, assess it, compare his skills and resources against it and then go for it.
Determination is an essential ingredient in the recipe for business success. According to Jerry Gonsiewski, Coldwell Banker Residential's managing broker, it's important for businessmen, especially new ones, to have a good plan, follow it and then persevere. The results, according to Gonsiewski, allow determined entrepreneurs to enjoy substantial rewards.
Willingness to Learn
Business is about change. This is why businessmen pay a premium for research just to get a hold of information pertaining to trends and forecasts. As an entrepreneur, you must have the willingness to learn everything there is to know about your industry, the nature of your business and how it can thrive in the environment it is in. Any businessman who refuses to acknowledge the effect of the market, the business environment and the consequences of trends may find that doing business is like swimming upstream. It has worked for some but for most people, it meant the end of the line.
To achieve business success, every entrepreneur must be willing to learn his trade, find out about progress in related subjects and see whether or not these changes will affect his business. It keeps him on his toes, lets him think and act proactively and allow him to be prepped and ready for anything that might occur, whether it's good or bad.
Author-Bio
Written by Cesar Campos - WAHE Author
These articles are exclusive to WAHE only. No part of, or material from these articles may be copied for use on another commercial or personal site.
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